Why should you purchase an extended car warranty?
Believe it or not, your car can breakdown anytime anywhere no matter if you own a new car or a used car. You can be in a jinx if any major problem arises such as engine failure, clutch plate being burnt, transmission problem that can stop your car from moving. These car repair problem can dig deep into your pocket and make you lose your cash. With that said, a question often arises whether it is beneficial to purchase an extended car warranty.
There are some pros and cons associated with extended car warranty. An extended car warranty can add to the total cost of your car, but it can be very beneficial in the long run if a major breakdown occurs on your car. You can save a hell lot of money on replacing damage car parts and repairing your car.
We can say an extended car warranty is an agreement between you and your car manufacturer. Your car manufacturer guarantees you parts replacements as specified in the extended warranty booklet. It should not be mistaken for car insurance policy as it only covers external car parts damaged during an accident and not due to wear and tear. Hence it is the most profitable service a car dealer offers to his customers.
When you buy a new car will get some years of manufacturer warranty. But if you plan to keep the car for a longer time purchasing an extended warranty would make sense as it would cover car parts damaged in the long run. When it comes to used cars, you car dealer with offer you a 30 day warranty on your used car. In order to get you car secured for a long time, he may even offer you an extended car warranty.
Some extended car warranty will cover bumper to bumper, while other will just cover only the power train. So please be sure to read the extended car warranty policy or check with your car dealer. Some extended car warranty offer you 24 hours road side assistance that includes flat tire changes, towing benefits, gas drops, and also locksmith. You may also get additional benefits like vehicle replacement and accommodation expenses in case of a major car breakdown.
Do not buy an extended car warranty just because it is cheap as there may be many parts or repairs exempted from reimbursement. So please read the extended car warranty policies very carefully before signing on the contract. Moreover make sure your car warranty company is reputable and well funded as it will make your claim filings pretty straightforward.
Different extended car warranty plans have different deductibles. Many car dealers require you to submit proof of car warranty purchase, mainly the extended car warranty booklet. Some dealers may have it on the computer systems. In case of reimbursement for a used car, the car owner is required to pay the cost and then submit the repair bills for extended warranty reimbursement.
We highly recommend purchasing an extended car warranty as it is the best investment to protect your car from unexpected repair cost and will give you a perfect peace of mind. For more information on extended warranty policies, please refer http://www.edmunds.com/auto-warranty